Disney asset sales will advance the media industry

Disney asset sales will advance the media industry

Investors might applaud Disney’s decision to consider selling some legacy media businesses, even if the deal price doesn’t break the bank. The sale of historic activities, which have lower growth profiles, is symbolically more important for Disney and its shareholders than the purchase price of the assets. Disney has held preliminary discussions with Nexstar to…

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DIRECTV and Nexstar Media Group, Inc. agree to temporarily return television stations and cable news network NewsNation to DIRECTV, DIRECTV STREAM and U-verse

DIRECTV and Nexstar Media Group, Inc. agree to temporarily return television stations and cable news network NewsNation to DIRECTV, DIRECTV STREAM and U-verse

El Segundo, California and Irving, Texas, September. 17, 2023 – DIRECTV and Nexstar Media Group, Inc. (NASDAQ: NXST) released the joint statement below this morning: “In recognition and appreciation of the continued patience of DIRECTV customers and Nexstar viewers, the companies have agreed to temporarily return the signals of Nexstar-owned television stations and the national…

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Wall Street realizes how wrong this has been in 2023

Wall Street realizes how wrong this has been in 2023

(Bloomberg) — Stock strategists who were wildly wrong about this year’s rally are finally starting to realize their mistake, raising year-end targets for the S&P 500 index. Most read on Bloomberg Take Societe Generale’s Manish Kabra, who last week raised his year-end target on the index to 4,750 from 4,300, 25% above his initial target…

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Negotiations continue with ‘slow’ progress, says Fain

Negotiations continue with ‘slow’ progress, says Fain

Talks between Detroit’s three automakers and the United Auto Workers union continue Sunday, as 12,700 workers from three plants continue to demonstrate on the picket lines. UAW President Shawn Fain appeared Sunday morning on MSNBC and CBS’ “Face the Nation” after NBC reported that President Joe Biden was sending a team to Detroit earlier this…

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